Tianjiao Exchange is a company-based exchange approved by Tianjin Municipal People's Government. Founded in September 2008, registered in Tianjin Binhai New Area. It is an exchange with independent legal personality, mainly engaged in trading and services of various financial assets. Tianjin Property Rights Exchange Center is a self-supporting institution with the functions of corporate governance and market operation. Responsible for property rights transactions, including property rights transfer, equity transfer, land use right transfer, etc. Tianjin Property Rights Exchange Center is responsible for pricing, transaction approval and market supervision, and provides trading platforms and related services for market participants.